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3 MARSHALSEA ROAD London S E1 FREEHOLD VACANT FREEHOLD VACANT OFFICE BUILDING SALE FOR Executive Summary Executive • Freehold offices with • Potential to add additional vacant possession floors (subject to planning) • 500 metres from London Bridge • Capable of early occupation by Station and next to Borough an incoming owner / tenant Underground Station • Offers in excess of £5 million • 6,553 sq ft net internal area and subject to contract and exclusive 9,585 sq ft gross internal area of VAT, reflecting £763 psf on • Potential to reconfigure floors existing NIA and £670 psf on to provide circa 7,468 sq ft NIA reconfigured NIA Location South Bank Transport Central, well-connected and fashionable, The entrance to Borough Northern South Bank is one of London’s most popular Line Underground station is next door, and desirable locations. The area has benefited London Bridge Jubilee and Northern Line from unprecedented capital investment in Underground Station is 6 minutes walk recent years – in transport infrastructure, away, and the mainline station 10 minutes public buildings and commercial and walk, providing access to national rail residential developments and regeneration services. Borough High Street is also projects. serviced by numerous bus routes, providing access to the City of London, the West End and South London. Situation Travel times from Waterloo Westminster Canary Bond The property lies within the London Borough Wharf Street of Southwark, on the south side of Marshalsea London Bridge Road, close to the junction with Borough High Station mins mins mins mins Street, adjacent to Borough Underground 2 4 7 10 Station. The immediate area consists of office, retail and residential uses. Elephant Bank King’s Cross Oxford Travel times from & Castle (City of London) St. Pancras Circus Borough Station 1 min 3 mins 12 mins 15 mins Travel times from www.tfl.gov.uk London Bridge Development Network Rail is carrying out a £6 billion redevelopment of London Bridge Station due to complete in summer 2018. The works will increase passenger capacity by 66%, will include a new two acre con- course, the largest in the UK, and will provide 85,000 sq ft of retail space. Current & Proposed Regeneration & Development Regeneration & Proposed Current 1 Hoxton Hotel, Blackfriars Road – 4 185 Park Street – Delancey 7 Fielden House, London Bridge Street – 10 201 – 211 Borough High Street – The Office Group Ennismore Capital • 163 residential apartments, 65,000 sq ft offices, Sellar Property Group • 35,000 sq ft • 192 hotel rooms + 40,000 sq ft offices 22,500 sq ft of retail & cultural accommodation • 148 new homes, 13,000 sq ft of public realm • Completed 2015 • Consented – due to complete Q3 2018 • Consented – timing uncertain & 12,000 sq ft of retail • Liftschutz Davidson Architects • Squire & Partners • Consented - due to complete 2018 11 Snowsfields Yard, 6 – 16 Melior Street – Crest Nicholson • Renzo Piano • 28 new homes 2 One Blackfriars – Berkeley Group 5 Vinopolis, Borough Market – Meyer Bergman • 274 new homes, 121,000 sq ft hotel • 125,000 sq ft retail and 70,000 sq ft offices 8 160 Borough High Street - Westminster Real Estate • Under construction – due to complete 2018 • SPPARC preparing application • 15,000 sq ft office refurbishment 12 1 Long Lane – Threadneedle • SimpsonHaugh and Partners • Due to complete Q1 2017 • 23,000 sq ft office refurbishment 6 Spur Inn Yard, 127 – 143 Borough High Street – • Due to complete Q1 2017 Kings College London 9 Brandon House, 180 Borough High Street – 3 Bankside Quarter, Blackfriars Road – Native Land • 99 bedroom Premier Inn, Tesco Express & new Crest Nicholson 13 One Tower Bridge – Berkeley Group public realm • 280,000 sq ft of offices, 489 apartments & retail, • 100 new homes, 25,000 sq ft offices + 14,000 sq ft retail • 396 new homes, 33,000 sq ft retail & 900 seat theatre cultural and leisure facilities • Completion 2017 • Under construction – Due to complete 2018 • Under construction - Due to complete late 2016 • First stage due to complete 2019 • Allies & Morrison Architects • Squire & Partners • PLP Architects 13 11 7 3 5 2 4 6 1 8 10 12 9 M Other Significant Developments In The Vicinity Elephant & Castle - Lend Lease South Bank Tower – CIT & Jadwa Investment South Bank Central – Hermes 20 Blackfriars Road – Black Pearl Blackfriars Circus – Barrett Homes • 3,000 new homes, 50 new retail units, • 191 new homes • 220,000 sq ft offices + 36,000 sq ft retail • 42 storey residential tower & 23 storey office • 336 new homes, 35,000 sq ft offices cafés and bars • Under construction – due to complete 2016 • Under construction – due to complete 2016 building + 16,500 sq ft retail • Under construction • MACE Architects and Kohn Pederson Fox • TP Bennett Architects • Due to complete 2018 • Due to complete 2018 • Squire & Partners and MAKE Architects Associates • Wilkinson Eyre Architects • Maccreanor Lavington Architects South Bank Occupiers 1. Ogilvy & Mather 7. SunGard Availability Services 13. Transport for London 19. Tableau 2. WeWork 8. Boodle Hatfield 14. Thomson Reuters 20. Zoopla 3. Puma 9. UBM 15. Vodafone 21. Omnicom 4. The Marketing Store 10. American Express 16. TimeInc & IPC Media 22. HSBC 5. Talk Sport 11. Core 5 17. Allies & Morrison 23. SunGard 6. MEC 12. Overseas Development Institute 18. London Fire Brigade 24. TP Bennett CITY OF LONDON COVENT GARDEN TEMPLE A201 Queen Victoria Street Mansion and Str Blackfriars House Monument Fenchurch Street Upp hames Street er Tha Cannon A1211 Upper T mes S Temple Victoria Embankment treet Street Blackfriars Pier SAVOY HOTEL e Tower Hill Lower Thames Street s Bridge RIVER THAMES A1210 e RIVER THAMES riar g kf d i W r Savoy a B t Blackfriars Station Millennium Bridg e Bankside k Pier r r Swan Lane l Blac a o Pier o w Pier h B t Tower r u i Blackfriars e d o Millennium g S g Tower of e OXO Tower 1 6 d 0 Shakespeare’s i Pier r London B Tate Globe Theatre A10 2 n 3 Modern o Cannon Street Bridge d 25 n London 22 o L Bridge RIVER THAMES 26 RIVER THAMES Pier National Theatre 4 8 Sumner Street 36 32 Hungerf Festival et 7 Toole ord BridgePier re 9 So y St St uth rd wa 16 fo 5 rk S 19 m Road tre 39 Southbank Centre a s e St 10 t 37 21 Borough Market 43 17 20 11 23 34 35 41 ower Bridge The Shard T Blackfriar City Hall London Eye 45 London 38 40 Toole 46 y St t Potters e 24 Bridge re 12 e 42 44 et Fields Park Waterloo r t S Southwark reet k 31 l B300 Union St 13 et o London W f re Guy’s a f t Eye Pier te u 18 e Hospital S e 33 r s St y r lo t t re o a Wa S e M R r 29 t Nelson Ay h o a G g i a Square r d d The Cu s H Mint S OUTHWARK Design a h o a h g Bermondsy Street R Street l Snowsfields Museum s Redcross u k e Little o r Park a r 30 o Y R Dorrit o B o d a Park T Pocock Street a d ool W et o a R 28 ey t re e e St rl 14 g re o d o i et R 15 r Lon B Borough g o Lan Leathermarket a k e d r a M Kipling St Gardens Webber Street w Blackfriars Road h 27 t u o NEWINGTON S Druid St re t Baylis Road e et e St. Thomas’ W tr A2 e S ower Bridge Road s Gr T Hospital tm gh eat Suffolk Street i i n H A21 Maltb s h te 25. Ofcom 31. Theg Writer 37. Al Jazeera 43. PWC r Lambeth North oad u Br orough R o B r y St id o ge 26. Financial Times 32. DNVB Tabard 38. Tiffany 44. London Borough of Southwark Ro Gardens ad 27. ETC Venues Elephant & Castle 33. Guy’s HospitalHarper 39. Duff & Phelps 45. Gowling WLG LLP 28. The Office Group 34. News UK Ro A2 40. Arma Partners 46. Red Bull 29. Galbraith Shipping 35. Matches Fashionad 41. Health Care America 30. British Legion 36. Howard Kennedy 42. Gallup Gr Archbishop’s A3 ange W w Ro Park Road A3 thsay St 02 Ro alk Lambeth den De re Imperial verell Street et Gar War A2 Museum Elephant & Castle We bb St ad Ro re et et Lambeth re Tower Bridge Road A201 Gr Bermondsey ange Spa Gardens Bro ok Rd LAMBETH Dr iv A201 Crimscott St e Elephant & Castle K Searles Road enningt A201 Willow W St. Mary’s on R on Dan Churchyard W Lambeth Walk a l alk Open Space oad te w Mandela ad 3 o Re R A et Ro oad r tre t S nfrew Road h te Chatham Street ga R He Wa o R y Gilbert a od d ne y Ro reet ad ey St Wans Building & Accommodation Building The building is a 1970’s concrete frame office over lower ground, ground and three upper floors totalling 6,553 sq ft. The ground floor is one half- Typical floor plan storey above street level allowing natural light into the lower ground. The offices benefit from excellent natural light, generous common parts, good floor to ceiling heights, a regular floorplate and an 8 person lift serving all floors. The building is double glazed and has a central air-handling system that provides tempered fresh air. There is a central gas fired boiler providing heating.
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